Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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May 1, 2005
China
Will China get hit by the cover jinx?
It is a bit hard to start shorting the renminbi (RMB/ the Chinese currency) just because China has now made its appearance on the cover of Newsweek. It is hard to short something that has yet to be …
September 26, 2006
United States
The deterioration in the US income balance has just begun ….
Mark Whitehouse highlighted the deterioration in the US income balance in yesterday’s Wall Street Journal. The US paid more in interest and dividends on its external borrowing (and foreign equity i…
June 27, 2011
Fossil Fuels
Is Shale Gas a Ponzi Scheme?
[Dear new readers: This post is part of a blog on energy and climate issues. Click here for the full blog.] The New York Times’ war on shale gas continues with two more big stories by Ian Urbina. Th…
October 15, 2019
Taiwan
What Does Taiwan’s Hidden Forward Book Mean for Taiwan’s Financial Stability and U.S. Currency Policy?
Taiwan's central bank—and Taiwanese households—have taken on an awful lot of foreign currency risk over the years …
March 4, 2005
Emerging Markets
A few lessons for Mary Anastasia O Grady
I do not expect to consistently agree with the oped page of the Wall Street Journal. But I do not think it is too much to ask that the columnists on oped page of the Journal try to square their argu…